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Cotton yarn, knitted cloth, cottonseed oil, and oil cakes are the main products of the firm. The firm began operations in 1997 with a cotton ginning mill, producing cotton bales and cotton seeds as its initial output.
Following that, in the year 2000, it erected a crushing plant to extract oil from cotton and mustard seeds, expanding its product basket with the inclusion of cotton seed oil, mustard oil, and oil cake. In 2011, the firm began manufacturing cotton yarn by establishing a spinning factory. In 2014, it installed a knitting machine and began producing knitted cloth.
The company’s production plant is at Jaitu (Dist Faridkot), Punjab. As of the RHP, it had built 18,000 spindles for making cotton yarn, resulting in a manufacturing capacity of 441 mt p.a. for knitted fabric and 6,750 mt p.a. for seed oil/oilcake.
The firm sells its products in the United States, with the majority of its consumers being in Punjab and Haryana. It has two warehouses and one shop cum godown to conduct supply chain activities as of June 30, 2021.
| Subscription Dates | 30 December 2021 – 3 January 2022 |
| Price Band | INR33 – 35 per share |
| Fresh issue | 28,84,000 shares (INR10.09 crore) |
| Offer For Sale | Nil |
| Total IPO size | 28,84,000 shares (INR10.09 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
FY2019 | FY2020 | |
Revenue | 121.06 | 94.28 |
Expenses | 119.27 | 93.20 |
Net income | 1.33 | 0.76 |
FY2021 | Q1 FY2022 | |
Revenue | 115.57 | 30.53 |
Expenses | 110.09 | 26.26 |
Net income | 3.88 | 3.32 |
Earnings Per Share (EPS): INR5.24
Price/Earnings (PE ratio): 6.30 – 6.68
Return on Net Worth (RONW): 17.76%
Net Asset Value (NAV): INR29.47 per share
Listed On : Coming Soon
Issue Price : Coming Soon
Listing Day Close : Coming Soon
Listing Day Gain/Loss (%) : Coming Soon
NSE : NA
ISIN CODE : INE08PH01015
BSE : NA
Updated Soon.
| IPO Opening Date | 30 December 2021 |
| IPO Closing Date | 3 January 2021 |
| Finalisation of Basis of Allotment | 6 January 2021 |
| Initiation of refunds | 7 January 2021 |
| Transfer of shares to demat accounts | 10 January 2021 |
| Listing Date | 11 January 2021 |
AB Cotspin India Limited
176, Homeland Enclave,
Bathinda, Punjab – 151001
Phone: +91 01642970169
Email: investors@abcotspin.in
Website: www.investors@abcotspin.com
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: abcotspin.ipo@linkintine.co.in
Website: http://www.linkintime.co.in
Updated Soon.
AB Cotspin India Limited IPO is a SME IPO of₹33 to ₹35 per equity share with a face value of ₹10 per equity share. The issue size is priced at 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr). The fresh issue size is priced at 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr).
The initial public offering (IPO) begins on Dec 30, 2021 and ends on Jan 3, 2022.
The minimum order quantity is 4000 Shares and Market Lot size is 4000 shares.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE, SME.
The AB Cotspin India Limited IPO opening date is 30 Dec, 2021 and closing date is Jan 3, 2022.
AB Cotspin India Limited IPO Market lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
The Basis of Allotment for AB Cotspin India Limited IPO Limited IPO will be done on [.] and the allotted shares will be credited to your demat account by [.]. Check the AB Cotspin India Limited IPO allotment status.
The AB Cotspin India Limited IPO listing date is [.].
AB Cotspin India Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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